Since 2000, the individual monthly payments from the Germany Statutory Pension Insurance Scheme (GRV) to new male pensioners have been declining. Those entering retirement today receive an average of 7 percent less than those who retired ten years ago. At the same time, the number of recipients...

Although economists have long stressed the limitations of using GDP to evaluate standards of living, the debate was recently reignited by the publication of the Stiglitz report. In 2006, the CEPII proposed an indicator incorporating certain social data items, in terms of equivalent incomes, such...